Forex is money sucking machine?

[muna1982]

Hi friends
Are you agree with me that forex is money sucking machine and on daily basis it sucks the money of small traders and accumulate the money in the accounts of big traders? As we know that money in the forex is limited and it transfers from one account to another. Let suppose if you open the position and market moves in your favor then its mean that forex is now getting the money of some one else who open the trades against you and whose lot size is bigger than you. If he will close the position then market will move to get your money now and if you will not close it then your money will go to some one else account.

your word may be right in a part. i did not agree with this completely. some situation may blown some account and most of them are small trader who trade big volume than their capital. one way movement of price make the general trader confused that the price will come back again and they wait which cause the great harm to small trader. those who can trade as the trend then they will become gainer. so wise trader never loss their money.

[Diday_82]

I think forex is not a money sucking machine, currency movements occur due to the behavior of the market itself, and market behavior is influenced by many different things, economic news and other things. if we really understand the behavior of the forex market we will see. other than that we need a lot of practice and experience that in the end the money will be very easy for us to get though our capital is not too big.

[solidperson]

it's true on both way that Forex can eat our money and can even brings very quick profit ..but trading is not like gambling ..trading with real way never says use of higher risk ...risk is a part of trading but we should decide how much risk we should take ..using strategy with experience should be our main concern

[chayan014]

I think not.Forex trading is a free business.You can do it as like a part time job.You can do it with your won job or business.You can earn here.Yes,sometime many people lost there money in this market.But it is there mistake or luck.

[garrysidhu]

yes forex ek money sucking machine he agar hmm forex ko bina smajhe isme trade karne beth jaege to je hmara money lose kar sakti he jese ke ek money sucking machine karti he,me to kehta hun forex me asha profit earn karne ke lie hmme isme asha hard work karna chahie

[forech]

you haven't good expriance ,forex will money sucking machine.but if you have good experience and good knowledge it may sucking machine.buz i tell get good experiance ,you not wrong follow it ,it is good way to stop money sucking.

[fxmentorbd]

Forex is a money making machine if you use this Forex perfectly, otherwise forex is money vanish machine for you. If anybody use good strategy and follow money management rules forex is good source of money.

[kajuulraj]

Without having knowledge and experience we cannot earn from forex, so it takes hard work and good ability to get money from forex trading. if we assume that the forex is money and we assume the machine is easy to get money from forex

[Goldmember]

I think it is a money sucking machine for those traders who don't respect forex trading rules, who want to double up their capital in no time, thinking it is a casino. However, it is a good business for hard working traders.

[sami1]

I don�t agree with you because only not experience people lose lot of money in Forex trading .